SCARCEZ: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SCARCEZ
Largest movements
- Tangible fixed assets -€28,634
down €28,634 (-11.5%), from €248,382 to €219,748
of which Land and buildings: -€30,528
- Receivables within one year -€28,322
down €28,322 (-39.4%), from €71,973 to €43,651
of which Trade receivables: -€19,444
- Deferred charges and accrued income -€24,156
down €24,156 (-98.3%), from €24,562 to €406
- Stocks and contracts -€15,151
down €15,151 (-7.1%), from €212,885 to €197,734
- Profit (loss) carried forward -€110,379
down €110,379 (-857%), from -€12,880 to -€123,259
- Short-term financial debts -€90,353
down €90,353 (-65.6%), from €137,679 to €47,325
- Tax, wage and social debts +€67,547
up €67,547 (+93.1%), from €72,583 to €140,131
of which Taxes: +€63,854
- Trade debts +€39,672
up €39,672 (+2,126%), from €1,866 to €41,538
- Financial charges +€63,002
up €63,002 (+246%), from €25,648 to €88,650
of which Non-recurring financial charges: +€59,959
- Gross operating margin -€49,145
down €49,145 (-26.7%), from €184,280 to €135,135
- Other operating charges -€2,502
down €2,502 (-28.9%), from €8,647 to €6,145
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €560,148 | €466,819 | -€93,329 | -16.7% |
| Fixed assets | 21/28 | €248,431 | €219,798 | -€28,634 | -11.5% |
| Tangible fixed assets | 22/27 | €248,382 | €219,748 | -€28,634 | -11.5% |
| Land and buildings | 22 | €240,614 | €210,086 | -€30,528 | -12.7% |
| Plant, machinery and equipment | 23 | €4,309 | €3,670 | -€640 | -14.8% |
| Furniture and vehicles | 24 | €3,458 | €5,992 | +€2,534 | +73.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €311,717 | €247,022 | -€64,695 | -20.8% |
| Stocks and contracts in progress | 3 | €212,885 | €197,734 | -€15,151 | -7.1% |
| Stocks | 30/36 | €212,885 | €197,734 | -€15,151 | -7.1% |
| Amounts receivable within one year | 40/41 | €71,973 | €43,651 | -€28,322 | -39.4% |
| Trade receivables | 40 | €21,878 | €2,434 | -€19,444 | -88.9% |
| Other amounts receivable | 41 | €50,095 | €41,217 | -€8,878 | -17.7% |
| Cash at bank and in hand | 54/58 | €2,297 | €5,232 | +€2,935 | +128% |
| Deferred charges and accrued income | 490/1 | €24,562 | €406 | -€24,156 | -98.3% |
| Total equity and liabilities | 10/49 | €560,148 | €466,819 | -€93,329 | -16.7% |
| Equity | 10/15 | €7,571 | -€102,807 | -€110,379 | |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Contributions outside capital | 11 | €20,451 | €20,451 | = | 0.0% |
| Other | 1109/19 | €20,451 | €20,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,880 | -€123,259 | -€110,379 | -857% |
| Amounts payable | 17/49 | €552,577 | €569,627 | +€17,050 | +3.1% |
| Amounts payable after more than one year | 17 | €308,259 | €313,028 | +€4,770 | +1.5% |
| Financial debts | 170/4 | €308,259 | €313,028 | +€4,770 | +1.5% |
| Amounts payable within one year | 42/48 | €244,318 | €256,598 | +€12,280 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €31,391 | €26,806 | -€4,585 | -14.6% |
| Financial debts | 43 | €137,679 | €47,325 | -€90,353 | -65.6% |
| Credit institutions | 430/8 | €137,679 | €47,325 | -€90,353 | -65.6% |
| Trade debts | 44 | €1,866 | €41,538 | +€39,672 | +2,126% |
| Suppliers | 440/4 | €1,866 | €41,538 | +€39,672 | +2,126% |
| Advances received on contracts in progress | 46 | €799 | €799 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €72,583 | €140,131 | +€67,547 | +93.1% |
| Taxes | 450/3 | €70,661 | €134,515 | +€63,854 | +90.4% |
| Remuneration and social security | 454/9 | €1,922 | €5,616 | +€3,693 | +192% |
| Remuneration, social security and pensions | 62 | €119,076 | €120,374 | +€1,299 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,975 | €35,612 | +€637 | +1.8% |
| Other operating charges | 640/8 | €8,647 | €6,145 | -€2,502 | -28.9% |
| Gross operating margin | 9900 | €184,280 | €135,135 | -€49,145 | -26.7% |
| Operating profit (loss) | 9901 | €21,582 | -€26,996 | -€48,578 | |
| Financial income | 75/76B | €4,295 | €5,732 | +€1,437 | +33.5% |
| Recurring financial income | 75 | €2,247 | €5,732 | +€3,485 | +155% |
| Non-recurring financial income | 76B | €2,048 | - | -€2,048 | |
| Financial charges | 65/66B | €25,648 | €88,650 | +€63,002 | +246% |
| Recurring financial charges | 65 | €16,771 | €19,814 | +€3,043 | +18.1% |
| Non-recurring financial charges | 66B | €8,877 | €68,835 | +€59,959 | +675% |
| Profit (loss) for the period before taxes | 9903 | €229 | -€109,914 | -€110,143 | |
| Income taxes | 67/77 | €589 | €252 | -€336 | -57.2% |
| Profit (loss) for the period | 9904 | -€360 | -€110,166 | -€109,807 | -30,525% |
| Profit (loss) for the period to be appropriated | 9905 | -€360 | -€110,166 | -€109,807 | -30,525% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.